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||2001 - 2015
As Montenegro formally declared its independence in 2006, it is still in a state of economic transition. The country does not have its own currency and uses Euro as legal tender. The economy relies heavily on foreign tourism and the export of refined metals. On the expenditure side, however, household consumption is the main component of GDP and accounts for 80 percent of its total use, followed by government expenditure (19 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 40 percent of GDP while imports account for 60 percent, subtracting 20 percent of total GDP. This page provides the latest reported value for - Montenegro GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - Montenegro GDP Annual Growth Rate - was last refreshed on Wednesday, November 25, 2015.